The Local Labor Market Effects of Korean Automotive Investments in the United States

2020 ◽  
pp. 016001762096484
Author(s):  
Eunbi Kim
Keyword(s):  
Labor Market ◽  
Trade Agreement ◽  
The United States ◽  
Competitive Strategies ◽  
Local Labor Market ◽  
Market Effects ◽  
The North ◽  
Japanese Firms ◽  
Employment Rates ◽  
Japanese Fdi

This study investigates the local labor market effects of automotive foreign direct investment (FDI) in Alabama in the wake of the North American Free Trade Agreement (NAFTA). Of particular interest is the effect of FDI originating from a nontraditional source country in comparison to investments by European and Japanese firms. Using 2005–2011 American Community Survey (ACS) data, we compare changes in employment rates and median weekly wages in three area types: areas with Korean FDI, areas with German and Japanese FDI and areas without FDI. Results show that Korean FDI leads to increased employment rates but decreased median weekly wages. We attribute these findings to price competitive strategies of Korean firms.

scholarly journals Risk, Recessions and Resilience: Towards Sustainable Local Labor Markets through Employment Portfolio Analysis

2021 ◽  
Vol 13 (14) ◽  
pp. 7926
Author(s):  
Bharman Gulati ◽  
Stephan Weiler
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Positive Impact ◽  
The United States ◽  
Local Economy ◽  
Local Labor Markets ◽  
Local Labor Market ◽  
Business Survival ◽  
Trade Offs ◽  
New Business

This paper explores the role of local labor market dynamics on the survival of new businesses. The characteristics of the local labor market are likely to influence the survival of new businesses, the level of entrepreneurship, and the resilience of the regional economy. We apply portfolio theory to evaluate employment-based and income-based measures of risk-and-return trade-offs in local labor markets on new business survival in the United States. Our results show that volatility in local labor markets has a positive impact on new business survival, especially in Metropolitan Statistical Areas. The results are robust across different timeframes, including during economic downturns, thus highlighting the contribution of new businesses in developing the resilience of the local economy, and further promoting sustainable regional economic development.

scholarly journals Quebec’s Economic and Commercial Linkages with the United States, 1994–2017

2017 ◽  
Author(s):  
Earl H. Fry
Keyword(s):  
United States ◽  
Trade Agreement ◽  
The United States ◽  
The North ◽  
Nation States ◽  
Wide Range ◽  
The Us ◽  
Us Government ◽  
Big Picture ◽  
The Impact

This article examines the ebb and flow of the Quebec government’s economic and commercial relations with the United States in the period 1994–2017. The topic demonstrates the impact of three major forces on Quebec’s economic and commercial ties with the US: (1) the North American Free Trade Agreement (NAFTA) which became operational in 1994 and was fully implemented over a 15-year period; (2) the onerous security policies put in place by the US government in the decade following the horrific events of 11 September 2001; and (3) changing economic circumstances in the United States ranging from robust growth to the worst recession since the Great Depression of the 1930s. The article also indicates that the Quebec government continues to sponsor a wide range of activities in the United States, often more elaborate and extensive than comparable activities pursued by many nation-states with representation in the US. 1 1 Stéphane Paquin, ‘Quebec-U.S. Relations: The Big Picture’, American Review of Canadian Studies 46, no. 2 (2016): 149–61.

scholarly journals Particularity of Canada-Mexico bilateral relations (from beginning to entry into force NAFTA Agreement)

2018 ◽  
pp. 31-41
Author(s):  
Oleh Bulka
Keyword(s):  
Trade Agreement ◽  
The United States ◽  
Mutual Cooperation ◽  
Economic Relations ◽  
The North ◽  
Bilateral Relations ◽  
Organizational Mechanism ◽  
History Of ◽  
The 1960S ◽  
The Impact

The article is devoted to the particularity of Canada-Mexico bilateral relations in the period from their beginning to signing and entry into force the North American Free Trade Agreement (NAFTA). It is noted that from the time of first contacts bilateral relations between two countries have developed unevenly with periods of increase and periods of decline. It is determined that in the history of Canada-Mexico relations before signing NAFTA can be identified four main periods. The first one is a period of early contacts that lasted from the end of XIX century to the establishment of the official diplomatic relations between Canada and Mexico in 1944. In this period of time ties between the two countries were extremely weak. The second period lasted from 1944 to the end of the 1960s. This period clearly shows the limits of cooperation between Canada and Mexico after the establishment of the official diplomatic ties, but it is also possible to see a certain coincidence between the values and diplomatic strategies of these countries. The third period of Canada-Mexico relations lasted from the beginning of the 1970s to the end of the 1980s. During this period, both Canada and Mexico try to diversify their foreign policy and strengthen the organizational mechanism of mutual cooperation. But it is also shown that despite the warm political rhetoric, there was some distance in Canada-Mexico relations. The fourth period of the relations lasted from the late 1980s until the NAFTA treaty came into force in 1994. At that time Canadian and Mexican governments began to give priority to economic relations over political and diplomatic ones. It was revealed that the main influencing factors of bilateral relations between Mexico and Canada were the impact of third countries, especially the United Kingdom and the United States, regional and global economic conditions, and the attitude to the bilateral relations of the political elites of both countries.

scholarly journals The peaceful resolution of U.S.-Mexican transboundary water disputes

2007 ◽  
Vol 2 (2) ◽  
Author(s):  
Alyssa M. Neir ◽  
Michael E. Campana
Keyword(s):  
Agricultural Production ◽  
Free Trade Agreement ◽  
Formal System ◽  
Trade Agreement ◽  
The United States ◽  
Transboundary Water ◽  
The North ◽  
International Boundary ◽  
Water Issues ◽  
The U.S

To deal with boundary and transboundary water issues along their border, the United States and Mexico established the International Boundary and Water Commission (IBWC) in 1889. Initially dealing only with surface water flows, its flexibility permitted changes such that groundwater and water quality issues could be addressed. In 1994, the U.S., Mexico, and Canada adopted the North American Free Trade Agreement (NAFTA) primarily to facilitate trade, but which can govern water as an article of commerce. Both NAFTA and the IBWC have been instrumental in promoting peaceful solutions to water issues. The article examines three cases: (1) Mexico's protesting of a U.S. plan to line the All-American Canal on the Mexico-California; (2) the underdelivery of Mexican Rio Grande water to the U.S. state of Texas; and (3) the case of an aquifer entirely within Mexico whose supply is being stressed because of a shift in agricultural production prompted by NAFTA. The article concludes that both countries should: (1) develop a more formal system for groundwater issues and (2) exercise vigilance with respect to NAFTA's ability to treat water solely as an economic good.

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